http://www.zerohedge.com/article/exclusive-feds-600-billion-stealth-bailout-foreign-banks-continues-expense-domestic-economy-?
I don't know enough about finance - is his argument sound? If so, why isn't this a headline in all the news?
There's a small fly in the ointment: the ECB has been on a QE campaign of its own as well. As is typical with everything regarding the ECB details are hard to come by but judging by how the euro is tanking relatively to the Swiss franc and even the doctored CPI is racing like a train I suspect it has been pretty massive. So: have US divisions of European banks got that money from the FED or from the ECB? Hard to tell since money freely flows both way.
most banks are foreign in the sense that they are multinational. The european banks are far larger than the american banks and they always have been. Deutshe Bank has like almost 3 trillion in capitalization. American banks are no where near there. and several other european banks are larger that all of the US banks.
I wondered in like 2009 when it was suspected that at least 50 billion of TRAP or T.A.R.P. went to deutsche bank why just 50 billion? it seemed like such a miniscule amount in relation to their books...I just don't get it.
I suspect the multinationals are trying to bankrupt the US. Most of the UN people hate the US and this would be a way of making sure we cannot reindustrialize. No capital. no savings. no credit.
Eating Propaganda
What do you mean i don't care how your day was?!